US gas prices hit an average of $4 a gallon again
U.S. gas prices have returned to an average of $4 per gallon amid rising geopolitical tensions between the U.S. and Iran. The increase reflects broader economic concerns regarding inflation and the potential impact on upcoming midterm elections.
Why it matters
Rising fuel costs directly impact consumer purchasing power and are a significant indicator of economic health and political stability.
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NEW YORK (AP) — U.S. gas prices jumped to an average of $4 a gallon again Monday as the U.S. and Iran launched more attacks .
According to motor club federation AAA, the national average for a gallon of regular gasoline is now back to $4. The average price a year ago was $3.14 a gallon.
The price is a national average, meaning drivers in some states have been paying well over $4 a gallon for a while now, while others pay less. Prices vary between states due to factors ranging from nearby supply to differing tax rates.
People around the world are also dealing with high gas prices as a result of the war.
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